Thor Industries, Inc. (NYSE:THO) to Issue Quarterly Dividend of $0.52

Thor Industries, Inc. (NYSE:THO) declared a quarterly dividend on Tuesday, June 16th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.52 per share by the RV manufacturer on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, July 1st.

Thor Industries has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Thor Industries has a dividend payout ratio of 40.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Thor Industries to earn $4.56 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 45.6%.

Thor Industries Stock Down 1.3%

Shares of NYSE:THO opened at $75.03 on Wednesday. Thor Industries has a 52-week low of $69.71 and a 52-week high of $122.83. The firm has a fifty day moving average of $77.38 and a 200 day moving average of $93.44. The firm has a market capitalization of $3.91 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 2.02 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, research analysts anticipate that Thor Industries will post 3.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on THO. Wall Street Zen lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. BNP Paribas Exane began coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Weiss Ratings upgraded shares of Thor Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Bank of America lowered their price objective on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, Truist Financial lowered their price objective on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Thor Industries presently has an average rating of “Hold” and a consensus target price of $95.67.

Thor Industries Company Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.